Cash available when you need it

Apply Now

Home Equity Line of Credit

Use the equity in your home to pay for home improvements or other expenses

HELOC (Variable Rate)

HELOC (Fixed Rate)

Possible uses
  • Home improvements
  • Consolidation of debt
  • Financing for higher education
  • Large purchases
  • Unexpected expenses
  • Home improvements
  • Consolidation of debt
  • Financing for higher education
  • Large purchases
  • Unexpected expenses
Interest rate Variable rates as low as 4.50% APR* Fixed rates as low as 6.50% APR*
Loan term 10-year draw period with 15-year repayment 5-year draw periods with a 10-year repayment
Account Type Variable rate line of credit. Funds can be redrawn as payments are made during the draw period. Unused draw periods maybe extended upon request. Fixed rate line of credit. Funds can be redrawn as payments are made during the draw period. Unused draw periods maybe extended upon request.
Loan amount range $20,000 - $100,000 (For amounts greater than maximum, please speak with a loan officer.) $20,000 - $100,000 (For amounts greater than maximum, please speak with a loan officer.)
Fees and closing costs No application fees, annual fees, or closing costs.1 No application fees, annual fees, or closing costs.1
Payment Options Payments during the draw period are lowered based on a 30-year repayment duration. After the draw period expires, payments are based on a 15-year repayment. (Speak with a loan officer for precise payment information.) Payments during the draw period are lowered based on a 10-year repayment duration. After the draw period expires, payments are based on a 10-year repayment. (Speak with a loan officer for precise payment information.)
Access to funds
  • 24/7 access with Online Banking, Mobile Banking, and Mobile App
  • Request a transfer by phone
  • Members 1st ATMs
  • Convenience checks
  • Members 1st branches
  • 24/7 access with Online Banking, Mobile Banking, and Mobile App
  • Request a transfer by phone
  • Members 1st ATMs
  • Convenience checks
  • Members 1st branches
Tax-deductions Interest is usually tax-deductible3
Apply Now
Interest is usually tax-deductible3
Apply Now

Calculators and Resources

Get the answers to your home equity questions.

Home Valuations

Rates

Fixed and variable rates to meet your needs.
Type APR as low as Rates Term Rate Sheets
Home Equity Line
6.50
%
Fixed 15 Years Apply Now
Home Equity Line
4.50
%
Variable 25 Years Apply Now

1. Line of Credit must remain open for the first 12 months to avoid pre-payment penalties.
2. Low repayment plan based on 360-month repayment duration while in draw period. After the draw period, the payment transitions to revised repayment duration based on the repayment plan for your loan.
3. Consult your tax advisor. Members 1st Credit Union does not provide tax advice.

This page contains disclosures that have been provided for your information. Please print or retain a copy for your own records. Members 1st Credit Union will acquire a security interest in your dwelling. The loss of the dwelling may occur in the event of default. Under certain conditions, Members 1st Credit Union may terminate the plan and require payment of the outstanding balance in full in a single payment and impose fees upon termination; prohibit additional extensions of credit or reduce the credit limit; and, as specified in the initial agreement, implement certain changes in the plan. You may receive, upon request, information about the conditions under which such actions may occur.

Apply now or speak with one of our loan officers at (800) 303-3838.